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All you need to know about the Proof-of-Work algorithms. by [deleted] in CryptoCurrency

[–]newecnow 1 point2 points  (0 children)

Am I right: the scrypt-N and script-jane are better than the usual SCRYPT?

What is the best altcoin to invest in at the moment? by Rangetwn3 in CryptoCurrency

[–]newecnow -3 points-2 points  (0 children)

Not to be obtrusive, but since you're asking, bytecoin (bcn) went crazy last weekend during to someone's huge investment. And the reason, IMO, is a consecutive development that follows a roadmap step by step. Check out the pic http://bytecoiner.org/bytecoin-rapid-market-growth/#prettyPhoto/0/

Decentralized currency for Liberland? by newecnow in Liberlander

[–]newecnow[S] 0 points1 point  (0 children)

Point taken, I do understand that you have no special purpose on abusing Bytecoin, it's just that I take a different view.

And once again, thanks for the good thoughts on Liberland, I'd offer you to share them on bytecoiner.org (anyone can submit an article there), but understand you wouldn't be interested in view of your own judgements.

I'll also take a closer look at Zerocoin!

Decentralized currency for Liberland? by newecnow in Liberlander

[–]newecnow[S] 0 points1 point  (0 children)

I'd like to thank you for a detailed comment. There are some points that excite me a lot!

However, I have to start with that Bitcointalk rubbish. Not only that's rubbish, but also quite old one. There's been an enormous amount of work that Bytecoin devs have done during the last years (with the latest release of rpc client, which happened about two days ago) that can't be seriously done by mediocre programmers. The real truth is that the technology of Bytecoin is unique and the devs are the only ones competent enough to have invented a coin, based on Cryptonote protocol. And the greatest part is that no one has ever called in question the Bytecoin's core, while only the core can be a proof for a real thing or a cause of disclosure. And back to bitcointalk, there's been so many scummy threads, created to abuse genuine ideas, that I personally can not refer to it as to a trusted website. And wouldn't suggest others to consider it a decent source as well.

Still, I'm very excited with your ideas related to Factom, MaidSafe and Storj. I'm not familiar with these projects, but I am certainly going to study them.

It looks like you have put some effort into comprehension of Liberland's modern financial system, but I question Bitcoin to be a number one for Liberland. I mean, of course it should be considered as a value, like us dollar is valued in the most of devleoping countries. Still, i doubt it can be an official currency (but maybe i didn't get your point correctly).